Lake Oswego biotech company battles critics

| Print |  Email
Must Reads
Monday, December 03, 2012

Lake Oswego's Galena Biopharma is working toward a breast cancer vaccine, despite a negative online article that sent its stock from $1.98 to $1.40 in one day.

Galena's bouncy ride shows how the fragile existence of a small biotech firm rests on not just research and finance, but perception. And technology means conventional wisdom can change in a heartbeat.

Galena is fighting back, suing the suspected authors and reporting the matter to regulators as a case of stock manipulation.

Its lawsuit accuses the authors of printing falsehoods to wipe out $39 million of Galena's value. But in another sense, the suit aims at the growing role of the Internet in stock trading, where websites let anyone anonymously share analysis, rumors and even misinformation while readers -- and authors -- make money when prices fluctuate.

Read more at OregonLive.com.

{biztweet}galena{/biztweet}

 

More Articles

Imperial Palate

February 2015
Tuesday, January 27, 2015

Power Lunch at the Imperial.


Read more...

Crowdfunding 2.0

News
Tuesday, December 02, 2014
120214-crowdfund-thumbBY LINDA BAKER

A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS